Nematicides Market Will Hit Big Revenues in Future | Key Players are Bayer AG, Syngenta Crop Protection AG, Corteva Agriscience, BASF SE, Nufarm, Chr. Hansen, Certis USA LLC

Northbrook, USA, 2020-Feb-27 — /EPR Network/ — The nematicides market is estimated to be valued at USD 1.3 billion in 2019 and is projected to reach USD 1.6 billion by 2025, at a CAGR of 3.4% from 2019 to 2025. Factors such as growing infestation of nematodes in high-value cash crops such as cotton, soybean, and fruits & vegetables are a substantial driver for the nematicides market. Genetically modified (GM) crops account for the highest acreages in North America, and South American regions, high investment associated with agricultural inputs such as seeds would be one of the key drivers for the adoption of nematicides.

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By type, the nematicides market is segmented into fumigants, organophosphates, carbamates, bionematicides, and others, which include active ingredients, such as acetoprole, benclothiaz, DBCP, and chitosan. Due to the growing adoption of organic farming and gradual shift toward sustainable farming practices, the market for biocontrol products such as bionematicides is growing. Across the globe, the market for pesticides has become more stringent. For instance, in Europe, the regulatory scenario for chemical nematicides is very strong as a result of which the scope for the adoption of bionematicides is higher. Due to these factors, the bionematicides would be the fastest-growing segment during the forecast period.

Based on crop type, the nematicides market is segmented into field crops, fruits & nuts, vegetables, and others, which include plantation crops, turf & grasses, and ornamental crops. The market for vegetables is growing owing to the increasing cases of nematode infestation in crops such as potatoes, tomatoes, cabbage, and carrots. The increased acreage under vegetables is also another factor contributing to the large market share held by the vegetables segment.

The market for nematicides is projected to grow at the highest CAGR in the Asia Pacific region owing to the growing nematode infestation in vegetables such as tomatoes, potatoes, carrots, peas, and cauliflower in the major vegetable-growing countries such as China and India. The regulatory scenario in the Asia Pacific region is comparatively more favorable for the launch of nematicides as compared to that of Europe and North America. There is also growing awareness among farmers about the use of bionematicides since the market for organic farming, and sustainable agriculture is growing with more consumers demanding organic fruits & vegetables.

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This report includes a study on the marketing and development strategies, along with a study on the product portfolios of the leading companies operating in the nematicides market. It consists of the profiles of leading companies such as Bayer AG (Germany), Syngenta Crop Protection AG (Switzerland), Corteva Agriscience (US), BASF SE (Germany), Adama Agricultural Solutions Ltd (Israel), FMC Corporation (US), Nufarm (Australia), UPL Limited (India), Isagro Group (Italy), Valent USA (US), Chr. Hansen (Denmark), Certis USA LLC (US), Marrone Bio Innovations (US), American Vanguard Corporation (US), Crop IQ Technology (UK), Real IPM Kenya (Kenya), Horizon Group (India), Agri Life (India), and T. Stanes & Company Limited (India).

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